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EU watchdogs give banks no leeway on Brexit-driven hub demands

European Union regulators are refusing to cut British-based banks any slack over bulking up in the bloc in preparation for Brexit, despite an extension to the process which some have taken as an opportunity to drag their feet.

  • Shared by Reuters
  • April 24, 2019
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Cost-conscious banks are reluctant to spend millions more and cause further disruption to already unsettled staff given uncertainty over how and when Britain will leave the EU.

Read more at Reuters.

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